3705 Cherry, Austin TX 78703

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,253,779. To generate strong buyer interest while maximizing value, I'd price this between $827,000 and $837,000. Against 7 similar active listings in SCENIC PLACE, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 1991 construction puts this home 22 years newer than the comp average, a factor in the pricing. At 0.08 acres, the lot is smaller than the 0.19 acre comp average, which factors into pricing. 7 similar homes are currently available in SCENIC PLACE, creating a buyer's market for this price range. The trend in 78703 shows prices have fallen 9.3% in the past 6 months. 3203 Warren ST, Austin TX 78703 nearby adjusts to $883,320; with a larger floor plan. 7 comparable transactions in SCENIC PLACE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group